Manager Credit

Career Area:
Finance

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Your Work Shapes the World at Caterpillar Inc.

Our common values and focus on inclusion and respect drive the decisions made by our company, teams and people. This is why we are committed to hiring and building diverse teams representative of the customers we serve globally. When you join our team, you can apply your unique life and job experiences and work in an environment where your ideas are heard, your contributions are celebrated, and your whole-self matters.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

About Cat Financial

Cat Financial is a subsidiary of Caterpillar Inc., the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more than 40 years, Cat Financial has provided a wide range of financing solutions to customers and Cat® dealers for machines, engines, Solar® gas turbines, genuine Cat parts and services. Headquartered in Nashville, Tennessee, Cat Financial serves customers globally with offices and subsidiaries located throughout North and South America, Asia, Australia, Europe and Africa. Visit cat.com to learn more about Cat Financial.

Role Definition
Leader with multiple direct reports, combination of individual contributors and/or support managers, responsible for a functional team covering all aspects of origination credit.

Responsibilities
•Manages credit investigation activities, including credit analysis, evaluation and rating of customers and dealers for all the Line Unit credit requests.
•Leads financial analysis and risk assessment on new accounts; coordinates with underwriting and structuring of credit requests.
•Oversees existing workflow and finds opportunities to reduce costs and risks, while adhering to related policies and procedures.
•Monitors negative credit trends and adverse signs in existing account quality; recommends preventive actions.
•Train and mentor credit analysts to improve their analysis technique and depth, to enhance the risk assessment and propose mitigants.
•Review and approve credit requests up to his/her credit authority limit and recommends approval to higher credit authorities.

Degree Requirement
Bachelor's degree in finance, accounting or a related discipline and work experience of progressive responsibility.

The strongest candidates will have a Master's degree in finance or MBA and multiple years of experience in credit underwriting, collections and portfolio management. Top candidates may also have experience in sales, work with the Caterpillar dealer network, and project management.

Skill Descriptors
Organizational Compliance: Knowledge of organizational compliance frameworks, their purpose, and risks of non-compliance; ability to design, implement, monitor, and review organizational compliance policies and procedures.
Level Working Knowledge:
•Updates documentation with current national and local organizational compliance regulations.
•Assists in the enforcement of organizational compliance policies and procedures.
•Researches regulatory changes that are critical to maintaining organizational compliance.
•Describes internal sources for gathering data on non-compliant processes and behaviors.
•Assists in identifying areas of organizational risk that may result in non-compliance.

Products and Services: Knowledge of major products and services and product and service groups; ability to apply knowledge of product and service appropriately to diverse situations.
Level Working Knowledge:
•Obtains information about product and service linkages with other products and services elsewhere in organization.
•Researches the target market and how the product and services are sold and delivered.
•Explains current status, delivery alternatives and announced updates to products and services.
•Summarizes key features of major products or services in own unit.
•Assesses own unit's product alternatives, costs, and pricing.

Risk Management: Knowledge of processes, tools and techniques for assessing and controlling an organization's exposure to risks of various kinds; ability to apply knowledge of risk management appropriately to diverse situations.
Level Working Knowledge:
•Produces and interprets common risk assessment and management reports.
•Identifies common technology, security, or financial risks relevant to own function or unit.
•Implements or manages risk management for own area.
•Documents the key steps of a unit-specific risk management process and associated procedures.
•Evaluates risk assessment models and techniques relevant to a specific line of business.

Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Level Extensive Experience:
•Seeks discrepancies and inconsistencies in available information; explains variances.
•Organizes and prioritizes the sequence of steps to be taken to remedy the situation.
•Identifies many possible causes for a problem based on prior experience and current research.
•Approaches a complex problem by breaking it down into its component parts.
•Chooses among a diverse set of analytical tools according to the nature of the situation.
•Quantifies the costs, benefits, risks, and chances for success before recommending a course of action.

Negotiating: Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.
Level Working Knowledge:
•Works to achieve win-win in negotiations, rather than taking a win-lose approach.
•Focuses on issues rather than personalities.
•Uses active listening and probing techniques to surface problems, issues, and interests.
•Demonstrates a willingness to examine own position.
•Presents own position and listens attentively to position of others.

Project Management: Knowledge of effective project management strategies and tactics; ability to plan, organize, monitor, and control projects, ensuring efficient utilization of technical and administrative resources to achieve project objectives.
Level Working Knowledge:
•Provides input for Gantt or PERT charts or their equivalent to track project progress and status.
•Under guidance, plans and estimates simple projects.
•Assists in detailed project plans including cost, schedule, and resource requirements.
•Obtains information from stakeholders during the planning stage of a project.
•Produces standard project status reports.

Credit Analysis and Verification: Knowledge of credit analysis and verification; ability to utilize tools and techniques to determine the credit-worthiness of an applicant.
Level Extensive Experience:
•Compares and contrasts different benchmarks and measures for assessing credit risks.
•Trains others on alternative approaches and methodologies for credit analysis.
•Conducts credit analysis for individuals and business entities.
•Contributes to the establishment of best practices in credit analysis and verification.
•Advises others on the use of technology in strategic credit analysis policy management.
•Analyzes how credit decisions impact the customer.

Financial Statement Analysis: Knowledge of financial statement and balance sheet; ability to analyze financial statement data and determine the credit-worthiness of a business enterprise.
Level Extensive Experience:
•Evaluates financial statements for multiple industries and sizes of companies.
•Directs the usage of all major financial analysis ratios.
•Recommends alternative sources for and uses of comparative ratios.
•Teaches others the difference between audited, un-audited, adjusted, and pro-forma reports.
•Advises others on comparing borrower ratios to appropriate industry benchmarks.
•Analyzes and interprets multi-year financial statements; highlights key changes.

This Job Description is intended as a general guide to the job duties for this position and is intended for the purpose of establishing the specific salary grade. It is not designed to contain or be interpreted as an exhaustive summary of all responsibilities, duties and effort required of employees assigned to this job. At the discretion of management, this description may be changed at any time to address the evolving needs of the organization. It is expressly not intended to be a comprehensive list of "essential job functions" as that term is defined by the Americans with Disabilities Act.

#LI-Hybrid

Relocation is available for this position.

Visa Sponsorship is not available for this position. This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as, H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at www.caterpillar.com/careers.

Posting Dates:
August 29, 2024 - September 5, 2024

Any offer of employment is conditioned upon the successful completion of a drug screen.

EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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